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3. it is Jan 1. 2016 and Timco completed the project referenced in questions 4 and 5 above. The project went well. The company is

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3. it is Jan 1. 2016 and Timco completed the project referenced in questions 4 and 5 above. The project went well. The company is now planning to make a special add-on investment that will enhance the usefulness of the new plane. The changes wiil cost $3 million in total, with the expenditure occurring at the end of the year three years from today. The changes will bring year-end after-tax cash inflows of $2 million at the end of the two succeeding years. it will then cost $.5 million to dispose of specialized waste generated by the project at the end of the 3rd year of operation. [a]! What is the proiect's mm [2 marks}

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